17000 Downey Ave Paramount, CA 90723

$1,810,000 Sold Price as of 03/15/2019

14 Beds
7 Baths
5,608 Sq.Ft.

Off Market

$1,810,000 Sold Price as of 03/15/2019 Refinance Your Mortgage

Map preview of 17000 Downey Ave, Paramount, CA 90723

Property Overview: 17000 Downey Ave Paramount, CA has 14 bedrooms, 7 bathrooms, 5,608 living square feet and 19,394 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

17000 Downey Ave is currently an off market home in the city of Paramount. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Paramount has a median list price of $535,000. The median price per/sqft for Paramount is $508. With those numbers in mind, if you are looking to purchase a median priced home in Paramount, CA and put 20% down you will need to save up $107,000 for the down payment and will need roughly $10,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Paramount the commission could be as much as $32,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 17000 Downey Ave

Last sold for $1,810,000 on March 15th, 2019

March, 2019
Mar 15, 2019

Date

Sold (Public Records)

Public Records

$1,810,000

Price
December, 2018
Dec 2, 2018

Date

Expired

CRMLS: DW18143878

$1,950,000

Price
Oct 5, 2018

Date

Withdrawn

CRMLS: DW18143878

$1,950,000

Price
Sep 12, 2018

Date

Active

CRMLS: DW18143878

$1,950,000

Price
Sep 8, 2018

Date

Expired

CRMLS: DW18143878

$1,950,000

Price
Sep 7, 2018

Date

Active

CRMLS: DW18143878

$1,950,000

Price
Jul 13, 2018

Date

Pending

CRMLS: DW18143878

$1,950,000

Price
Jun 16, 2018

Date

Active

CRMLS: DW18143878

$1,950,000

Price
Listing provided courtesy of CRMLS

7 huge Units, a good mix of 2 bedrooms and 3 bedrooms , property has been recently updated , located in a great rental area A must see

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June, 2018
Jun 6, 2018

Date

Expired

CRMLS: PW18108192

$1,800,000

Price
May 31, 2018

Date

Withdrawn

CRMLS: PW18108192

$1,800,000

Price
May 17, 2018

Date

Price Change

CRMLS: PW18108192

$1,800,000

Price
May 8, 2018

Date

Active

CRMLS: PW18108192

$2,000,000

Price
Listing provided courtesy of CRMLS

17000 Downey Avenue is a seven-unit multifamily investment property in Paramount, California. The property has great exposure along Downey Avenue and is well-located conveniently near the 91 Freeway. This area is a solid rental market with low vacancy and over 63 percent of housing units within one-mile are renter-occupied. The offering consists of four buildings on a large lot with a desirable mix of three three-bedroom units* and four two-bedroom units. The units are separately metered for gas and electricity. The property also features ample garage and open on-site parking. 17000 Downey Avenue presents a great opportunity for an investor to acquire an asset with a desirable unit mix in a strong rental market and capture potential upside in rents. This property is offered along with 16871 Verdura Avenue, an adjacent five-unit property. The properties may be purchased separately or together. Please contact the listing agents for more information. *Note: One of the third bedrooms is unpermitted.

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June, 2018
Jun 4, 2018

Date

Sold (Public Records)

Public Records

--

Price
May, 2018
May 7, 2018

Date

Expired

CRMLS: PW18042028

$2,000,000

Price
Feb 22, 2018

Date

Active

CRMLS: PW18042028

$2,000,000

Price
Listing provided courtesy of CRMLS

17000 Downey Avenue is a seven-unit multifamily investment property in Paramount, California. The property has great exposure along Downey Avenue and is well-located conveniently near the 91 Freeway. This area is a solid rental market with low vacancy and over 63 percent of housing units within one-mile are renter-occupied. The offering consists of four buildings on a large lot with a desirable mix of three three-bedroom units* and four two-bedroom units. The units are separately metered for gas and electricity. The property also features ample garage and open on-site parking. 17000 Downey Avenue presents a great opportunity for an investor to acquire an asset with a desirable unit mix in a strong rental market and capture potential upside in rents. This property is offered along with 16871 Verdura Avenue, an adjacent five-unit property. The properties may be purchased separately or together. Please contact the listing agents for more information. *Note: One of the third bedrooms is unpermitted.

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Tax History for 17000 Downey Ave

Assessed Value (2020): $1,846,200

Year	Land Value	Improved Value	Assessed Value
2020	$1,020,000	$826,200	$1,846,200

About 17000 Downey Ave

Detailed summary of property

17000 Downey Ave is categorized with a use code of Apartment House (5+ Units) in Paramount, CA 90723 and last sold on March 15, 2019 for $1,810,000. This property has 14 bedrooms, 7 bathrooms, roughly 5,608 living square feet, and sits on an approximately 19,394 square foot lot. Homes in Paramount are selling for a median price of $650,000 and a median price per square foot of $487. Based on Ardent Real Estate Group's Paramount Market Data, this home is sold 178.46% higher than the current median priced home. 17000 Downey Ave was last sold on March 15, 2019 for $1,810,000. Local nearby listings include 5530 Ackerfield Ave #402, 5530 Ackerfield Ave #101 and 5530 Ackerfield Ave #211. The average home in Paramount, CA is selling in 37 days. There are currently 23 homes for sale in the Paramount real estate market and 11 of them are single family homes while 9 of them are condos and 3 are townhomes. If you are the homeowner and looking to sell the home at 17000 Downey Ave Paramount, CA 90723 contact Ardent Real Estate Group and we will put you in touch with one of our Paramount agents.

Public Facts for 17000 Downey Ave

Public county record property details

Beds: 14
Baths: 7
Year built: 1957
Sq. Ft.: 5,608
Lot Size: 19,394
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 7107-003-015

The source for these homes facts are from public records.

90723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$509,000

Median List Price/Sq.Ft.

$510

Median Sold Price

$650,000

Median Sold Price/Sq.Ft.

$558

Total Inventory

Median Sale to List Price %

92.87%

Avg Days on Market

Loan Type

Conventional (40%), FHA (40%), VA (0%), Cash (20%), Other (0%)

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(714) 706-1823

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